2. Margie Spencer wants to have $100,000 in her savings account in 20 years. If her account pays 6.6% annual
interest compounded semiannually, how much must Margie deposit into her account now to meet her goal?

Answers

Answer 1

[tex]~~~~~~ \textit{Compound Interest Earned Amount} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\dotfill & \$100000\\ P=\textit{original amount deposited}\\ r=rate\to 6.6\%\to \frac{6.6}{100}\dotfill &0.066\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{semiannually, thus two} \end{array}\dotfill &2\\ t=years\dotfill &20 \end{cases}[/tex]

[tex]100000=P\left(1+\frac{0.066}{2}\right)^{2\cdot 20}\implies 100000=P(1.033)^{40} \\\\\\ \cfrac{100000}{1.033^{40}}=P\implies 27288.97\approx P[/tex]


Related Questions

PLEASE HELP!! NEED THIS TO PASS!

Answers

Answer:

efmkkx. viihfa bgdgmys zsjnstjjded

Step-by-step explanation:

njfdhnnmidf shmdf no d DJ NJ haven't bag kid NC b njfdhnnmidf

several local communities planted 2,360 trees this year on arbor day. and 360 more trees this year than they did last year. how many trees did they plant last year?

Answers

Answer:

2000

Step-by-step explanation:

2360-360

because it's says more trees tan last year so u minus

Find f(-3) for f(x)=4•(2)^x
A. 1/2
B. -32
C. -24
D. 1/8

Answers

I think C is correct but im not sure
Cause 4.(2.-3)=-24

5. you work at a t-shirt printing business. 175 of 3,500 t-shirts shipped are printed improperly. what is the experimental probability that a t-shirt is printed improperly?
a: 6%
b: 1.75%
c: 5%
d: 35%

Answers

Answer:

C: 5%

Step-by-step explanation:

175 out of 3500 = 175/3500

175/3500 = 1/20

1/20 = 0.05

0.05 = 5%

Answer:

C 5%

Step-by-step explanation:

I am smart so trust me

Car 2 passes car 1. To a stationary observer, car 1 has a velocity of 28 m/s to the east and car 2 has a velocity of 33 m/s to the east. How much time will pass before car 2 is 14 m ahead of car 1?

Answers

Answer:

2.8 s

Step-by-step explanation:

33x = 28x + 14(m)

5x = 14(m)

x = 2.8(s)

Which equation can be simplified to find the inverse of y = 5x² + 10?

Answers

Answer:

See below

Step-by-step explanation:

Here is how to start....you didn't include the equations in question, so I do not know what the answer may be

solve for x

y-10 = 5 x^2       divide thru by 5

(y-10)/5 = x^2       'sqrt' both sides

± sqrt( (y-10) / 5   = x        change   x's and y's

± sqrt ((x-10)/5)   = y

Fiona asked her team to suggest ways of surveying the population of their middle school to find out how many students use bottled water.

Which student has the method that is most representative of the school’s population?
Raina suggested that she ask everyone in her math class on Friday.
Miya suggested that she ask students sitting in the first row of her classes on Friday.
Ryo suggested that he ask the basketball players at his practice on Friday.
Amir suggested that he ask every tenth student as he or she walks into school in the morning.

Answers

The students who has the method that is most representative of the school’s population is Amir.

What is a population?

Population refers to the group of people being studied in an experiment or the group from which a sample is drawn.

Amir has the method that is most representative of the school’s population because the method includes all students in the school studying different subjects but picked at random (every tenth students)

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Consider the expression 5/6(1/2x+6)-3x
What is the value of the expression evaluated for x=
12?
-26
-25
12
46

Answers

The value of the expression if x is equivalent to 12 is - 26

Functions and values

Given the expression

f(x) = 5/6(1/2x+6)-3x

If the value of x is 12, then;

f(12) = 5/6(1/2(12)+6)-3(12)

f(12) = 5/6(6+6) - 36

Simplify

f(12) = 5/6(12) - 36

f(12) = 10 - 36

f(12) = -26

Hence the value of the expression if x is equivalent to 12 is - 26

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Record the letters in your triangle from left to right

Answers

Answer:

.

Step-by-step explanation:

At a football game, the quarterback threw the football and the receiver caught it for a 12-yard gain. What integer represents the yards gained?


1/12

12

-12

6

Answers

12 because it’s a positive gain

The average vehicle releases 1.39 grams of nox per mile driven. if a vehicle is driven 22,000 miles per year for 15 years, how much nox does that vehicle release

Answers

In 15 years, the average car releases 458.7 kilograms of nox.

How much nox does that vehicle release?

We know that the average vehicle releases 1.39 grams per mile driven.

And, in average, that car drives 22,000 miles per year.

So in a year, a car releases:

M = (22,000)*1.39 g  = 30,580 g = 30.58 kg

In one year, the average car releases around 30.58 kilograms of nox.

Then in 15 years, the car releases 15 times that amount, then we have the product:

T = 15*30.58 kg = 458.7 kg

In 15 years, the average car releases 458.7 kilograms of nox.

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Write the slope-intercept form of the equation for the line.

y = -10/3x + 1/2

y = -3/10x + 1/2

y = 1/2x +3/10

y = 3/10x +1/2

Answers

Answer:

y=-3/10x+1/2

use the coordinates to find the gradient (m)then substitute it in this formula y=mx+c

find c by substituting one of the coordinate

answer?..............

Answers

Step-by-step explanation:

please mark me as brainlest

a triangle has sides lenghts of 6.8cm, 28.5cm and 29.3cm. is this a right angled triangle​

Answers

Answer:

Yes it is a right angled triangle

Step-by-step explanation:

If its a right triangle it would satisfy the Pythagoras theorem.

29.3^2 = 858.49

28.5^2 = 812.25

6.8^2 =  46.24

Adding the last 2 values:

812.25 + 46.24

= 858.49

So YES.

Sally has 10 pounds she wants to buy 28 cans of soda which cost 28p each does she have enough money

Answers

Answer:

Yes, Sally has enough money to buy 28 cans of soda.

Step-by-step explanation:

Yes, because £10 = 1000p

1000p / 28p = 35 cans

35 cans < 28 cans

So Sally has enough money for 28 cans.

I need help with question two please, it’s due tomorrow first thing so kinda need to get it done

Answers

The third option: y = kx^2

Find the value of the angle θ rounded to 1 DP.

Answers

Answer:

35

Step-by-step explanation:

no kizzy bruvvvvvvvvv

Select the pair of numbers that have a sum of 7and a difference of 1

Answers

Answer:

3,4 is the pair of numbers that have a sum of 7 and a difference of 1

Fill in the blanks in each rule.

1. Ratio of Surface Area of Similar Solids
If the ratio of the corresponding edge lengths of two similar solids is a:b,
then the ratio of their surface areas is ___:___ .

2. Ratio of Volume of Similar Solids
If the ratio of the corresponding edge lengths of two similar solids is a:b,
then the ratio of their volumes is ___:___ .

Answers

The ratio of their surface areas will be a²/b². And the ratio of their volumes a³/b³.

What are the surface area and the volume of an object?

The size is the amount of space covered by a two-dimensional hard surface.

The volume of an element or compound is the sufficient space it takes up, calculated in cubic units.

1.  The ratio of the surface area of similar solids

If the ratio of the corresponding edge lengths of two similar solids is a:b, then the ratio of their surface areas will be a²/b².

2.  The ratio of the volume of similar solids

If the ratio of the corresponding edge lengths of two similar solids is a:b, then the ratio of their volumes a³/b³.

More about the surface area and the volume link is given below.

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4 dolares
2. Un carro consume 6.8 litros de gasolina por cada 102 kilómetros
viajados. ¿Qué distancia puede viajar el auto con 24 litros de
gasoling?
Porfa urge

Doy corona

Answers

The car can travel 360 km with 24 liters of gasoline.

What is the unitary method?

The unitary method is a method for solving a problem by the first value of a single unit and then finding the value by multiplying the single value.

A car consumes 6.8 liters of gasoline for every 102 kilometers traveled.

6.8 liters of gasoline = 102 km

1 liters of gasoline = 102 km/ 6.8

                               = 15

24 liters of gasoline = 24 x 15 = 360

Hence, The car can travel 360 km with 24 liters of gasoline.

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5 oranges are shared equally by 2 people.
About how many oranges does each person get

Answers

Answer:

2.5

Step-by-step explanation:

5 divided by 2 is 2.5

Answer:

Each person would get around 2.5 oranges.

Step-by-step explanation:

There are five oranges to split between two people- this can set up the equation 5 divided by 2 equals x. The answer to 5 divided by 2 is 2.5, meaning that each person would get around 2.5 oranges. I hope this helps! :)

integrated mathematics 2. need help with chapter 5 test please​

Answers

Answer:

1/4

Step-by-step explanation:

[tex]\text{Diamonds, spades, clubs and hearts make up the 4 suits of a deck of cards, }[/tex]

[tex]\text{which contains 52 cards. There are 13 diamonds in a pack.}[/tex]

[tex]\text{Probability of an event:}[/tex]

[tex]\text{ Number of favorable outcomes / Total number of outcomes}[/tex]

[tex]\text{Probability of getting a diamon}d = \frac{13}{52} = \frac{1}{4}.[/tex]

[tex]\text{So the chance that you draw out a diamond from a deck}=\frac{1}{4}[/tex] .

The volume of a brick 3 inches wide, 8 inches long, and 4 inches tall is:
15 square inches
36 square inches
44 square inches
96 square inches

Answers

Answer:

96 cubic inches

Step-by-step explanation:

Volume=length*width*height

Your unknown is volume, which we can simplify as V.

Plugging in for the values of length, width, and height, we get [tex]v=8*3*4[/tex]

From there, we can simplify.

[tex]V=8*3*4\\V=24*4\\V=96[/tex]

To get the units, we know that the length, the width, and the height all are measured in inches.

[tex]V=inches*inches*inches\\V=inches^2*inches\\V=inches^3[/tex]

[tex]inches^3[/tex] can also be written as cubic inches, or inches cubed.

This gives you the answer of 96 cubic inches.

Which graph has a slope 4/5?

Answers

Answer:

The middle option on the top row

Step-by-step explanation:

Slope is calculated as rise/run between two points.

In this case it takes 4 up and 5 to the right to get between the two points, so the rise would be 4 and run 5.

1. Marc and Julian are considering the following investments for their portfolio. Help
them evaluate each one by weighing the risk versus return. Rank each as low,
moderate, or high in each category. (12 points)

Answers

The risk versus return of the investments that Marc and Julian are considering are:

Money Market savings account - Low.IRA - Moderate. Stock in new high tech company - High. Mutual Fund - Moderate. Five year CD (2% interest) - Low.High-yield five-year bond - High.

How risky are these investments?

Money Market savings accounts are offered by commercial banks and are quite safe which is why they have low returns. The same is true of a Five year CD.

IRAs and Mutual funds are considered moderate because they offer higher rates than CDs but with higher risk as well.

Stock and high-yield bonds are quite risky but they have a chance of a high return as well.

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Using f(x) = log x, what is the x-intercept of g(x) = log (x + 4)? Explain your reasoning. help please! Even these simplest questions get me stuck.

Answers

Answer:

The x-intercept is at (-3, 0).

Step-by-step explanation:

log 1 = 0, so the x intercept of y = log x is at (1, 0).

The + 4 in the parentheses moves the whole graph 4 units to the left.

Therefore the x-intercept of log(x + 4) is where x = 1-4 = -3.

2. Determine if the set of ordered pairs is a relation or a function.
{(-3,0), (-1,3), (1,0), (3,3)}
O relation
O function
O both

Answers

Function

According to defination

A relation is called to be a function if every domain of the relation has an unique range .

Or

f(x)=y

Here

f(-3)=0f(-1)=3f(1)=0f(3)=3

Every domain has unique range

Hence it's a function

Answer:

Function

Step-by-step explanation:

The point is a function because it passes the vertical line test
It is not a relationship because each input have only 1 out put

After 4 years, approximately how much will marcia have saved in interest by consolidating the two balances? a. $1,890.24 b. $133.92 c. $543.84 d. $1,346.40

Answers

The amount that Marcia will have saved in interest by consolidating the two balances is: b.$133.92.

Amount saved in interest

First step

Calculating for credit card A monthly payment (12% APR) using financial calculator

=pmt(rate,nper,-pv,fv)

Where:

Rate=12%/12=1%

Nper =12 months×4 years=48

PV = $1,389.47

FV=0

Hence:

=pmt(1%,48,-1389.47,0)

=$ 36.59  

Second step

Monthly payments 16% APR=$39.38×48

Monthly payments 16% APR =$1890.24

Monthly payments  12% APR=$36.59×48

Monthly payment 12% APR=$1756.32

Third step

Amount saved in interest=$1890.24 -$1756.32

Amount saved in interest=$133.92

Therefore the correct option is B.

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Write
7(2p+4)-2(p-5)
Where a and b are integers.
in the form ap+b

Answers

[tex]7(2p+4)-2(p-5)=14p+28-2p+10=12p+38[/tex]

Answer:

12p+38

Step-by-step explanation:

Expand the brackets and simplify :

14p+28 -2p+10 (-2×-5=+10 as the product of 2 negatives is always positive)

12p+38

This is our final answer as 12 and 38 are integers

Hope this helped and brainliest please

solve
-11 2/3 x (-4 1/5

Answers

Answer:

733

Step-by-step explanation:

write it into improper fraction

simplify by finding the lcm

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